Buchinsky, Moshe; Fougère, Denis; Kramarz, Francis; … - Center for Applied Economics and Policy Research … - 2008
returns to seniority in the U.S. These papers specify a wage function, in which workers’ wages can change through two channels …: (a) returns to their seniority; and (b) returns to their labor market experience. We start from the same wage equation as … an interfirm mobility equation. The employment and mobility decisions define the individual’s experience and seniority …